Triple Point Venture VCT PLC Venture Share Class Net Asset Value

RNS Number : 5437C

Triple Point Venture VCT PLC

08 February 2024

 

8 February 2024

 

 

Triple Point Venture VCT plc

(the "Company")

Venture Share Class Net Asset Value

 

The Company announces that the unaudited NAV per Venture Share as at 31 December 2023 was 97.96 pence per share (as at 17 November 2023 the unaudited NAV was 97.32 pence per share).  

 

The increase in the Venture NAV reflects the net effect of a number of valuation changes for portfolio companies. In recent months, several portfolio companies have raised funding rounds at higher valuations. While downward fair-value adjustments have also been applied or increased to several portfolio companies that we judge to be running behind our expectations in the current challenging economic environment, the net effect of these changes is positive.

 

 

FOR FURTHER INFORMATION ON THE COMPANY, PLEASE CONTACT

Triple Point Investment Management LLP  (Investment Manager)	Tel: [phone]
Ian McLennan  Belinda Thomas

 

The Company's LEI is 213800AOOAQA5XQDEA89

 

Further information on the Company can be found on its website 

https://www.triplepoint.co.uk/current-vcts/triple-point-venture-vct-plc/s2539/

 

NOTES:

The Company is a Venture Capital Trust incorporated in July 2010 and was established to fund small and medium sized enterprises. The Investment Manager is Triple Point Investment Management LLP.

 

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